02-739��`r��Cl�v�L
council File # �a•-�1'3'1
Green Sheet # 114��8
Presented By
Referred To
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Committee: Date
ao
Wf�REAS, the adopted 2002 budget provided for the annual debt service payment on the 1991, 1992 and
1994 Street Improvement Assessment Bonds;
WHEREAS, favorable market conditions made it advantageous for the City to refund these bonds;
WHEREAS, the Council approved the refunding issues on Council File 02-160;
Wf�REAS, the budget must be amended to pay principal on the refunded bonds;
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the City Charter, does certify that there are funds
of $2,720,000 auailable for appropriarion in excess of those estimated in the 2002 Budget; and
WHEREAS, the Mayor recommends the following changes to the 2002 budget;
Current
Budeet
FINANCING PLAN
PIR 963-89391-6201-89346
PIR 963-89392-6201-89348
PIR 963-89394-9830-89362
Total Financing
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Bond Proceeds
Bond Proceeds
Use of Fund Balance
90,000
90,000
75,000
255,000
Changes
880,000
990,000
850.000
2,720,000
SPENDING PLAN
PIR 963-89391-0621-89346 Long Term Debt Maturity 90,000 880,000
PIR 963-89392-0621-89348 Long Term Debt Maturity 90,000 990,000
PIIt 963-89394-0621-89362 Long Term Debt Maturity 75.000 850.000
Total Spending 255,000 2.720.000
BE IT RESOLVED, that the City Council approves these changes to the 2002 budget.
Requested by Department of:
Amended
Budeet
970,000
1,080,000
925.000
2,975,000
970,000
1,080,000
925 000
2,975.000
L ostr� — —�– Offi,: o ' - �eia �rvices
o emZ'T an ✓ ,�
arri� .�
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BYprove by �l�e� al ' ces �
Adopted by Council: Date OY
�/�
Adoption Certified by Council Secretary Form �kppr9xred by City Att ey
" A_���
By:
BY=
By:
Mayor: nate
Mayor for
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to
EPARTMENT/OFFICECOUNCII
Office of Finandal Serv
ONTACT PERSON & PHONE
Todd Hurley 266
IUST BE ON COUN IL AGENDF
8�i�/o�
TOTAL # OF SIGNATURE PAGES
2002 budget to pay principai on refunded bonds.
PLANNING COMMISSION
CIB COMMITTEE
CIVIL SERVICE COMMISSION
DATEINRW7ED O� �� � {�
eiu2ooz GREEN SHEET No 114008
L3� oFVartTMarromECroa� riuMaxwcxrs
ASSIGN
NUkBERf-0R � crtYATfoRMcY � ❑ CRYCIERK
ROUi1NG
ORDER FlNIINGN.SQ2VICESqR � FlNANLWLSQ2V/AGClG
� MAYOR(ORASSISTANi) ❑
7 (CLIP ALL LOCATIONS FOR SIGNATURE) I
IRSONAL SERVICE CONTRACfS MUST ANSWER THE FOLLOWING QUESTIONS:
Has this perso�rtn evet wofketl untlef e Cont2tt tM this deparUnent?
YES NO
Has this persoNfirm ever been a city employee>
YES NO
Does this personmrm possess a skill not normallyposussed by any wrterrt crty employee?
YES NO
Is ihis perso�rm a tar9etetl ventloY�
YES NO
olain all ves answers on seoarate sheet antl attach to areen sheet
PROBLEM ISSUE, OPPORTUNIN (Who, What, When, Where, Why)
market conddions made it advantageous for the Ciry to refund the 1991, 1992, 1994 Street Improvement Bonds.
IFAPPROVED
of Finandai SeNices will have budget authority to refund the 1991,1,992, 1994 Street Improvement Bonds. a1 I i C o 2 °LOU2
�-'" FIVO
����r�� C'iSTY a°���R���
�,� � �
DISADVANiAGES IF APPROVED
IF NOT APPROVED
Budget will not be in place to refund bonds.
OF TRANSAGTION $ 2.720.000
COST/REVENUE BUDGETED (qRCLE ONE)
YES NO
II
souttcE 963-89391. 963-89392. 963-89394 acrmrv NuhteEfi
JNFORMATION (EXPLAIN)